Profit Plan definition

Profit Plan means, for any calendar, an annual operating plan for the Borrower and its Subsidiaries, on a consolidated basis, setting forth (i) a statement of all material assumptions on which such annual operating plan is based, (ii) quarterly balance sheets, income statements and statements of cash flows for such calendar year, (iii) sales, gross profits, operating expenses, operating profit, cash flow projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management’s good faith estimates of future financial performance based on historical performance), and including plans for Capital Expenditures and facilities.
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Profit Plan means, for any calendar year, an annual operating plan for the Issuer and its Subsidiaries, on a consolidated basis, setting forth (i) a statement of all material assumptions on which such annual operating plan is based, (ii) quarterly balance sheets, income statements and statements of cash flows for such calendar year, (iii) sales, gross profits, operating expenses, operating profit, cash flow projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management’s good faith estimates of future financial performance based on historical performance), and including plans for Capital Expenditures and facilities.
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Profit Plan means the annual profit plan approved and adopted by the Committee with respect to each fiscal year of HMA.
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Examples of Profit Plan in a sentence

  • The Other Benefits shall include (but shall not be limited to) the following: employer contributions to the AMCORE Financial Security Plan, AMCORE Top Hat Plan, AMCORE Cash Profit Plan or any other defined contribution retirement plan, club membership fees, financial planning allowance and car allowance.

  • Payouts will begin at ___% of Profit Plan and rise to ___% payout at ___% of Profit Plan.

  • These Benefits shall include (but shall not be limited to) the following: employer contributions to the AMCORE Financial Security Plan, employer contributions to the AMCORE Deferred Compensation Plan, AMCORE Cash Profit Plan or any other defined contribution retirement plan, club membership fees, financial planning allowance and car allowance.

  • Other than payments and distributions made in accordance with the preceding sentence, and except as otherwise expressly contemplated by this Agreement, including Section 6.8, no Company Entity shall make any payments or distributions to the Company Advisor, the Special Limited Partner, the Healthcare Advisors Profit Plan LLC, HCT II, the Manager, or any Affiliate of the Company or of the Company Advisor prior to the Effective Time.

  • Fifty percent of the Revenue Target Recoup Shares will vest with respect to the subsequent Period if Revenues for the subsequent Period exceed that year’s Profit Plan Revenue Target by 5%.

  • Buyer will cooperate with and assist the 360 Principals in implementing and operating the 360 Division Profit Plan.

  • The amount of any Bonus Pool distributions will reduce the Adjusted EBITDA for the applicable period on a dollar-for-dollar basis, and all reasonable expenses related to implementing and maintaining the 360 Division Profit Plan shall be included in determining Adjusted EBITDA for the period during which such expenses were incurred by Buyer.

  • Fifty percent of the Recoup Shares will vest with respect to the subsequent Period if EPS results for the subsequent Period exceed that year’s Profit Plan EPS Target by 10%.

  • All NCR Economic Profit Plan benefits, including the 2019 Management Incentive Plan payment, and all unvested equity awards will be forfeited and deemed cancelled effective on your termination date, and NCR shall have the remedies set forth in Section 9 hereof.

  • The review shall be in writing and shall include the Board’s assessment of each officer’s experience, other qualifications and performance compared to the position’s description, duties and responsibilities, and with consideration to the comments made in the most recent Report of Examination and the requirements regarding development of a Profit Plan under Article VI of this Agreement.


More Definitions of Profit Plan

Profit Plan means that part of the Marketing Plan specified in paragraph 4.13 of this Policy Handbook.
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Profit Plan means the Company’s annual consolidated business, operating, financial and sales plan as prepared by management and as may be amended and approved by the Board of Directors.
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Profit Plan means the profit plan for the Company and for each division of the Company as approved by the Board. Any changes to the Profit Plan used for the calculation of Performance Awards under the Plan must be approved by the Board.
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Related to Profit Plan

  • Business Benefit Plan means each Benefit Plan entered into, maintained, sponsored or contributed to by Seller or any of its Subsidiaries or to which Seller or any of its Subsidiaries has any obligation to contribute, or with respect to which Seller or any of its Subsidiaries has any liability, direct or indirect, contingent or otherwise (including a liability arising out of an indemnification, guarantee, hold harmless or similar agreement), in each case with respect to any Business Employee or Former Business Employee or to any beneficiary or dependent thereof.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Employee Plan means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to.

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).